San Francisco’s identity is increasingly tied up in tech, which means that whenever a tech company leaves the area (or the state) it makes headlines. But departures are really not a significant factor in SF’s economic health, city economist Ted Egan said at a City Hall hearing on Wednesday; fewer than 20 companies egressed from … Continue reading SF Is Still Attracting Techies–But There’s a Catch
San Francisco Real Estate Report, December 2015 Market Update. – Heading into the Holiday Slowdown after an Interesting Autumn Market – Median home prices, over-bidding, housing affordability, luxury home sales, the new-home construction pipeline, and comparing the Shanghai and S&P 500 stock indices ———————————————————— Median sales prices in October and November jumped back up to … Continue reading San Francisco | December 2015 Real Estate Market Update
These Broker Metrics charts track weekly number of Active Listings over the past 6 months (early May to mid-October): SFD, under $1m Active Listings – weekly inventory just below 6 month average, about same level as spring, lowest number of active listings since early July. Condo, under $1m Active Listings – autumn inventory levels well … Continue reading Active Listings By Price Segment and Property Type
SAN FRANCISCO CONDOMINIUM PRICES DECLINED 3 PERCENT IN SEPTEMBER FROM PREVIOUS MONTH, UP 15 PERCENT FROM LAST YEAR Resale Inventory Surpasses Two Months of Supply for First Time in Two Years According to The Mark Company Trend Sheet San Francisco – October 14, 2015 – San Francisco condominium prices declined 3 percent from the previous … Continue reading San Francisco Condo Prices Down 3% Since Month Prior, Up 15% YTD
What an interesting Summer! We are still in the midst of a hot real estate market where homes are getting quickly snatched up, buyers are stretching to pay over asking. The recent stock market gyration and Chinese currency devaluation add some uncertainty to the economy, and later this month the Fed is going to tell … Continue reading San Francisco Home Prices Remain High, affordability index stays low
The stock market has gone crazy in the last couple of days, but does it have any significance to the San Francisco real estate market? I’d like to share with you this interesting analysis from our marketing analyst. He doesn’t profess to be a Nobel Laureate in Economics, so take this analysis for what it’s … Continue reading Will Stock Market Panic Humble San Francisco Real Estate
Study: Rental Boom is Boon to San Francisco Area Economy, Contributing $25.3B Locally in 2013 Fueled by Demographic Changes, Growing Millennial Population, Rediscovery of Urban Cores, People are Increasingly Drawn to Apartment Living WASHINGTON, D.C. – The apartment industry emerged as one of the strongest sectors coming out of the Great Recession, and a new … Continue reading Rental Boom is Boon to San Francisco Economy | $25.3B Contributed
Herein lies the problem with reporting on real estate: Everybody has their opinion on what the market is doing, but nobody knows for sure. Case in point, just yesterday we posted “San Francisco housing market continues to show promising signs of recovery”. We posted that from information obtained from the San Francisco Association of Realtors, … Continue reading Chief Economist And Forecasters For C.A.R. Say Market Rising…And [Likely] Falling
We’ve been on a lot of listing presentations lately where the motivation to call us in off the bench has been, in so many words: We’re thinking we should sell our place now before it gets any worse. The media (and certain local real estate blogs) are certainly good at creating panic, and Realtor blogs … Continue reading Get While The Gettin’s Good: Sell Now Or Forever Hold Your Peace
Is Steve Jobs so much of a factor that his absence could further derail the economy and possibly even our local real estate market? Certainly Steve Jobs taking a leave of absence until the end of June is not good news for Apple, and not necessarily good news for morale around these parts, but there … Continue reading Can Steve Jobs’ Leave Of Absence Affect SF Real Estate?
So we got this little text come across our channels yesterday and we thought we’d share it with you. The Dow is going to drop to 7500 (at least) next year. It’s going to get uglier before it gets better. The hedge funds have yet to implode, and while not as damaging as the big … Continue reading A Little Holiday Cheer To Take You Into The Weekend
By request: Can you put this on your blog? “Fire the whole Treasury Team“[MSN Money] These are my thoughts exactly. Glad to help.
I’m not a Realtor, so I’ll tell something I’m more qualified to comment on: buyers’ perspectives. For instance, I can tell you how buyers looks at a property that’s been reduced more than twice. We feel sorry for them. They’re like awkward teenage boys at their first dance, pretending to be terribly busy with their shoe laces … Continue reading Reduction, Ad Nauseum
Surely you heard the news yesterday of the failed passing of the $700 Billion economic recovery bill, but today the Monkey gives one last effort to convince Congress to act before he rides off in the sunset to tend to his hogs. [Photo Credit: New York Times] The stock market has rallied today, but what … Continue reading Congress Fails to Deliver $700 Billion Check. Will San Francisco Real Estate Finally Fall Victim?
If you’ve been wondering what all of this Government takeover of Fannie and Freddie means, you’re hardly alone, so we just went ahead and copied what we just read to give you some different perspectives of what is being said in the real estate world. We take zero credit for this, it all came from … Continue reading Taking Over Fannie Mae and Freddie Mac, Some Clarification